Market Insights
As per recent research by MarkNtel Advisors, The Asia-Pacific Medical Robots Market size was valued at USD 4.12 billion in 2023 & is projected to reach USD 12.05 billion by 2030. The market is also estimated to grow at a CAGR of around 17.20% during the forecast period, i.e., 2024-30.
Asia-Pacific Medical Robots Market Driver:
Increasing Instances of Medical Error – In recent years, Asia-Pacific countries such as India, Australia, etc., have been experiencing a surge in several deaths related to medical errors. Human error in medical procedures related to diagnosis, medicine prescription, or surgeries has been accelerating the instances of harmed patients. This growing need to cater to the increasing number of patients and reduce medical error injuries has been contributing to the growing adoption of medical robots for these purposes.
Also, the cases of patients with chronic diseases, accidents, etc., have been accelerating in the region, which requires medical care. The increasing number of patients also requires an increment in healthcare professions, which has been lacking across the region. Consequently, this has been further exacerbating the instances of medical errors, and healthcare professionals have to look after several cases in a day. This is further expected to accelerate the demand for medical robots across the regional market.
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Market Segmentation and Consumer Behavior:
By Product Type
- Surgical Robots- Market Size & Forecast 2019-2030, USD Million
- Orthopedics- Market Size & Forecast 2019-2030, USD Million
- Neurology- Market Size & Forecast 2019-2030, USD Million
- Urology- Market Size & Forecast 2019-2030, USD Million
- Gynecology- Market Size & Forecast 2019-2030, USD Million
- Others (Cardiology, Dental, etc.)- Market Size & Forecast 2019-2030, USD Million
- Rehabilitation Robots- Market Size & Forecast 2019-2030, USD Million
- Therapeutic- Market Size & Forecast 2019-2030, USD Million
- Assistive- Market Size & Forecast 2019-2030, USD Million
- Prosthetic- Market Size & Forecast 2019-2030, USD Million
- Orthotic- Market Size & Forecast 2019-2030, USD Million
- Exoskeleton- Market Size & Forecast 2019-2030, USD Million
- Hospital & Pharma Robots- Market Size & Forecast 2019-2030, USD Million
- Traditional Robots- Market Size & Forecast 2019-2030, USD Million
- Collaborative Robots- Market Size & Forecast 2019-2030, USD Million
- Telepresence Robots- Market Size & Forecast 2019-2030, USD Million
- Others (Medical Transportation Robots, Cleaning Robots, etc.)- Market Size & Forecast 2019-2030, USD Million
By End User
- Hospitals & Clinics- Market Size & Forecast 2019-2030, USD Million
- Rehabilitation Centers- Market Size & Forecast 2019-2030, USD Million
- Ambulatory Surgical Centers- Market Size & Forecast 2019-2030, USD Million
- Others (Pharmacies, Nursing Homes, etc.) Market Size & Forecast 2019-2030, USD Million)
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Asia-Pacific Medical Robots Market Geographical Analysis:
By Country:
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
Key Players and Competitive Strategies in the Asia-Pacific Medical Robots Market
Several prominent players dominate the Asia-Pacific Medical Robots Market, including:
- Intuitive Surgical Operations, Inc.
- Medtronic plc
- Siemens Healthneers
- Stryker
- Accuray Incorporated
- Aethon, Inc.
- Asensus Surgical
- Johnson & Johnson Services, Inc.
- Bionik Labs
- Globus Medical
- Trivitron Healthcare
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Questions Addressed in this Study
1.What factors are driving the Asia-Pacific Medical Robots Market growth?
2.How is the Asia-Pacific Medical Robots Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Asia-Pacific Medical Robots Market?
4.What is the current size of the Asia-Pacific Medical Robots Market, and how is it projected to change in the future?
5.What is the future outlook for the Asia-Pacific Medical Robots Market in terms of technological advancements and market expansion?
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